First Majestic Secures $60 Million Credit Facility

FIRST MAJESTIC SILVER CORP. (NYSE:AG)(TSX:FR)(FRANKFURT:FMV)(BVM:AG) (the “Company” or “First Majestic”) is pleased to announce that it has entered into an agreement with The Bank of Nova Scotia and Investec Bank PLC for a Senior Secured Credit Facility (the “Facility”) consisting of a $25 million revolving credit line and a $35 million term loan. The proceeds of the Facility are being used to settle the Company’s existing lead and zinc prepayment facility with Bank of America Merrill Lynch (“BAML”) and to replace the $15 million revolving credit line the Company assumed when it acquired SilverCrest Mines (the “SilverCrest Credit Line”).

Leave a Reply